Third Point buys TJX, exits Cenovus Energy in Q3

Third Point disclosed in an SEC filing its holdings as of September 30, 2022. The fund’s nine new buys during the third quarter included, by size of position, Bath & Body Works (BBWI), TJX (TJX), Range Resources (RRC), Ferguson (FERG), and Take-Two (TTWO). Third Point exited nine holdings during the quarter, including by size of previous position Cenovus Energy (CVE), Crown Holdings (CCK), Archaea Energy (LFG), Membership Collective (MCG), and Social Leverage Acquisition Corp. I (SLAC). The fund increased its stake in five holdings, including by size of previous position Colgate-Palmolive (CL), Danaher (DHR), UnitedHealth (UNH), Disney (DIS), and T-Mobile (TMUS). Third Point reduced its stake in ten holdings, including by size of previous position EQT Corp. (EQT), Antero Resources (AR), Ovintiv (OVV), CSX (CSX), and DuPont (DD). The fund’s top holdings as of September 30, in order of size, were Colgate-Palmolive, PG&E (PCG), Danaher, UnitedHealth, and Bath & Body Works.